Northland Power (OTCMKTS:NPIFF) Shares Gap Down – Here’s Why

Northland Power, Inc. (OTCMKTS:NPIFF) shares gapped down before the market opened on Tuesday . The stock had previously closed at $13.34, but opened at $12.72. Northland Power shares last traded at $13.4440, with a volume of 4,218 shares.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. TD Securities lowered shares of Northland Power from a “buy” rating to a “hold” rating in a research report on Friday, November 21st. Desjardins lowered Northland Power to a “hold” rating in a research note on Friday, November 14th. Royal Bank Of Canada reissued an “outperform” rating on shares of Northland Power in a research report on Friday, November 14th. Scotiabank reissued a “sector perform” rating on shares of Northland Power in a report on Friday, November 21st. Finally, National Bankshares reaffirmed an “outperform” rating on shares of Northland Power in a research note on Wednesday, December 3rd. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Northland Power Stock Up 1.0%

The firm has a market cap of $3.53 billion and a price-to-earnings ratio of -16.64. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.49. The firm has a fifty day moving average price of $13.41 and a 200-day moving average price of $15.56.

Northland Power Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were issued a $0.0714 dividend. The ex-dividend date was Friday, November 28th. This represents a yield of 744.0%. Northland Power’s payout ratio is -64.20%.

About Northland Power

Northland Power Inc is a Canadian developer, owner and operator of power generation facilities, with a focus on clean and green energy. The company’s portfolio encompasses natural gas–fired, wind, solar and thermal projects, and its operations span from onshore and nearshore facilities in Canada to offshore wind farms in Europe. Northland Power is structured to manage all stages of a project’s lifecycle, from early-stage development and financing through construction and long-term operation.

In Canada, Northland Power operates a mix of combined-cycle gas turbines and peaking plants, as well as solar installations, serving industrial and municipal customers under long-term contracts.